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Inner-city Muslim Action Network

Director of Finance

Inner-city Muslim Action Network, Chicago

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 The Director of Finance is accountable for all financial strategies,
partnerships, and operations, in alignment with IMANs strategic plan.
This role will be responsible for financial planning, budgeting,
analysis, reporting, and managing relationships with stakeholders,
including donors, grantors, and regulatory bodies. The Senior Director
of Finance also ensures legal and regulatory compliance for all
accounting and financial functions. This role reports to the Chief
Executive Director (CED) and the Founding Executive Director (FED), and
participates as a key member of the organization\'s Leadership Team.\
\

  • KEY RESPONSIBILITIES:**\
Strategy, Planning And Management
  • Create and establish yearly financial objectives that enable IMANs
strategic plan.
  • Direct and oversee all aspects of the finance functions of the
organization.
  • Provide recommendations to strategically enhance financial
performance.
  • Ensure that effective internal controls are in place and ensure
compliance with GAAP and applicable federal, state and local
regulatory laws and rules for funding and tax reporting.
  • Provide input on revenue opportunities based on economic trends,
analyze internal operations and identify areas of cost reduction and
process enhancement.
  • Perform financial risk management through analysis of IMANs
liabilities and investments, and evaluate and manage capital
structure and fundraising initiatives.
  • Identify, acquire and implement processes and systems to provide
critical financial and operational insights to aid data-driven
decision making.
  • Select and engage consultants, auditors and investors.
  • Collaborate with HR to recruit, interview and hire finance and
accounting staff as needed.
  • Represent IMANs Financial Team to the Board Treasurer.
Financial Analysis, Budgeting And Forecasting
  • Oversee team to prepare and present timely and consistent financial
reports and forecasts.
  • Review and analyze monthly financial results, develop and maintain
operating and capital budgets.
  • Develop and implement financial strategies aligned with the
organization\'s mission, goals, and objectives.
  • Conduct financial analysis and risk assessment to inform
decision-making and mitigate financial risks.
Accounting, General Ledger, Administration And Operations
  • Ensure the proper functioning of all finance systems, databases and
software. Provide regular maintenance and backup of all systems to
mitigate risks and issues.
  • Ensure timeliness and accuracy of financial reports to internal and
external stakeholders.
  • Oversee the preparation and communication of financial statements.
  • Oversee the preparation and timely filing of all local, state and
federal tax returns.
  • Collaborate with Human Resources to ensure appropriate financial
compliance.
  • Lead financial close processes and actively collaborate with
stakeholders to eliminate waste and inefficiencies in the close
process.
Financial Management
  • Manage cash flow planning process and partner with Development to
ensure fund availability.
  • Explore new investment opportunities and provide recommendations on
potential returns and risks.
  • Maintain outstanding banking relationships and strategic alliances
with vendors and business partners.
**Financial Relations and Policies**
  • Engage Finance Committee and/or Board of Directors to develop short
term and long-term plans, projections and budgets, in collaboration
with the Executive Office.
  • Remain current on audit best practices as well as state, federal and
local laws regarding IMAN operations.
Team Man Gement
  • Mentor and develop team, managing work allocation, systems training,
performance evaluations, and the building of an effective and
efficient team dynamic.
  • Guide larger, cross-departmental teams outside of direct span of
control.
  • Provide training and professional development opportunities to
finance team members to enhance their skills and knowledge.
  • Foster collaboration and communication within the finance team and
across departments.
Cash Management
  • Oversee weekly cash management and AP Department, approve large
payables and sign checks.
  • Supervise AR management and provide guidance relating to the
collection process.
  • Manage cash flow effectively to support ongoing operations and
long-term sustainability.
  • Implement strategies to maximize revenue generation and minimize
expenses.
Procurement Oversight And Strategy
Provide strategic direction and oversight for the company\'s procurement
function, ensuring alignment with overall financial goals.
Monitor

Seniority level

  • Seniority level

    Director

Employment type

  • Employment type

    Full-time

Job function

  • Job function

    Finance and Sales

  • Industries

    Civic and Social Organizations

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